"When the company reported Q3 earnings on Oct. 29, it announced quarterly revenue of $51.24 billion, beating analysts' expectations of $49.41 billion by 26.2%. Adjusted EPS came in at $7.25, beating expectations of $6.69 by 20.2%. But GAAP ESP of $1.05 fell 82.6% short of expectations of $6.70. Still, the company's third-quarter sales rose 26% year-over-year, which is its highest revenue growth since FY 2024 Q1."
"This year, META announced - alongside authorizing a $50 billion stock buyback - that shares of META would begin paying a dividend. And while its current yield of 0.33% may not seem like much, at its current price, that equates to 52 cents per share quarterly, or $2.08 per share annualized. As the dominant player in the social media landscape, Meta Platforms is now branching out more broadly into tech, and specifically, the artificial intelligence (AI) space."
Shares of Meta Platforms fell 16.91% over five trading sessions after a prior 1.99% gain, reducing year-to-date appreciation to 4.69%. On Oct. 29, quarterly revenue reached $51.24 billion, beating estimates, and adjusted EPS was $7.25, above expectations; GAAP EPS of $1.05 missed estimates. Third-quarter sales rose 26% year-over-year, the highest since FY2024 Q1. Meta authorized a $50 billion buyback and initiated a dividend yielding 0.33% (52 cents quarterly, $2.08 annualized). The company is heavily investing in AI, driving capital-expenditure concerns. From 2014–2024, revenue grew from $12.466B to over $164B and net income from $2.94B to over $62.36B.
Read at 24/7 Wall St.
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